Private lending LLC denied banking accounts - options?

[Tim Daniels]

Hi all - I’m starting up a lending business, all was going fairly well until I was told by all the banks in my area that they “are unable to establish a bank account for anything that is financially related.”  Have also been told that anything related to lending money is a no-go for opening an account due to “risk.”

I’m self funded, not asking for a loan just a simple bank account for operating.   Obviously in order to operate I need to have access to the banking system.  

I’m looking at other banking options … various online banks etc, but does anyone have any advice or recommendations here?  I’m assuming other lenders already have this figured out?

Thanks!

[Erik Estrada]

Hey Tim, 

This very weird to me. I have a regular chase business banking account and have never had an issue with the type of business I do. 

Are you lending the money yourself? Or are you brokering the loans?